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The project to construct a new iron and steel works of Ishstal in Bashkortostan with the participation of Chinese investors has been suspended. The republican authorities have excluded it from the list of priority projects of the region. It was supposed that investments in the project would total over 6 billion rubles. The…
DetailsIn 2017 Stoylensky Mining and Processing Works increased concentrate output by 3% YoY, to the record-high level of 16.08 million tons. Of this 6.5 million tons were used to produce iron ore pellets, and the rest (9.6 million tons) shipped to Novolipetsk Iron and Steel Works, which consumes 100% of SGOK products. Sinter ore manufacture…
DetailsIn 2017 Severstal-Metiz started manufacturing over 100 new types of products, having increased its product range. Among them are new types of steel sections, railroad fasteners and gauged rolled metal, etc. In particular, last year Severstal-Metiz started producing railroad screw with fixed nut and became the exclusive supplier of Vossloh fasteners in Russia. (Ukrainian metal)
DetailsThese activities imply comprehensive assessment of compliance of construction and operation of Udokan Mining and Metallurgical Plant with the environmental requirements established by the government of the Russian Federation with the aim to prevent negative impact that planned operation of the deposit might generate on the environment, including, among other things, recommended preventive and mitigation…
DetailsThere is a conflict growing between militants of the so-called Donetsk and Lugansk People’s Republics, terrorist organizations created and supported by Russia, because of the coal deliveries to Zuyevskaya Thermal Power Plant, which could result in the complete halt of the plant and bring about a power crisis on the Russia-seized territories. “The warehouses of…
DetailsIn 2017 Belarus Iron and Steel Works increased profit 5-fold, to $71 million. According to the company statement, sales revenue grew by 132%, to $1.166 billion. “Thanks to the stabilization of the situation on the raw materials market in September 2017, steel manufacture at BMZ reached 210 thousand tons per months. This provided for the…
DetailsUkrainian businessman and owner of DCH Group Oleksandr Yaroslavsky held talks with U.S. and Chinese investors in Davos on the possibility of co-financing Sukha Balka mining with banks. He bought Sukha Balka in May of 2017 from Evraz. The businessman noted the prospects of this enterprise and the intention to attract co-financing for the implementation…
DetailsThe new major shareholder of Petropavlovsk – the Kazakh businessman Kenes Rakishev intends to make the company sell its 31% stake in the iron ore IRC. The company share is estimated at $65 million, while the total debt of IRC of $233.75 million is the ICBC project financing with Petropavlovsk guarantees. The money was borrowed…
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